The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Kaizen Commercial had offered an initial capital of Rs 3 crore to Reliance Infocomm. In return, the company was offered 30 million shares at par.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
An Aadhaar card can fast-track the KYC procedure for some instruments.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
Helped by a rally in the stock market where the Sensex surged by a whopping 439 points, its biggest single-day gain in 2012 so far, investors became richer by Rs 1.17 lakh crore on the back of clarity on tax-avoidance rules and bullish global sentiment.
Of the 926 bank branches, 862 branches are public bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 Axis bank branches.
Directed by Sudipto Sen, The Kerala Story depicts how women from Kerala were forced to convert to Islam and recruited by the terror group Islamic State.
India has bilateral tax agreements with more than 70 nations.
The US is pressing for taxing digital economy through the 'marketing intangibles' principle and the UK through a 'user-base' principle.
Providers write to Sebi, FinMin; launches may hit pause.
India and Japan on Monday held talks to revise their tax treaty in a move to facilitate bilateral business investment, officials said in Tokyo.
Without Form 16, tax computation becomes cumbersome
India and Cyprus had entered into a Double Taxation Avoidance Agreement in 1994.
The proposed India-Iran Double Taxation Avoidance Agreement, which the two countries included in their joint New Delhi declaration in 2003, has run into a hurdle.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
A tax fraud case involving Barcelona forward Lionel Messi and his father Jorge should be dropped because of errors in the investigation and court proceedings, their lawyers said.
Prime Minister Narendra Modi on Friday arrived in Australia on the second leg of his three-nation tour during which he will attend the annual G20 summit and hold bilateral talks with his Australian counterpart Tony Abbott.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
In the era of e-filing, small mistakes lead either to delayed or complete denial of income tax refunds. So, avoid these 5 common mistakes that could lead to delay in refunds.
FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
Mauritius has rejected compensation of Rs 500 crore to plug loopholes in double taxation avoidance treaty. Mauritius accounts for nearly half of all foreign direct investment (FDI) inflows to India. With the tightening of tax laws, India attempted to amend the treaty. Due to the treaty, India was suffering over Rs 4,000 crore loss annually for some years in terms of revenue foregone on account of the capital gains exemption for investors routing their funds through Mauritius.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The share of non-resident Indians (NRIs) and overseas investors in Indian mutual funds has been declining over time, despite adding half-a-trillion rupees to holdings over the last five years. Mutual fund holdings for the segment went up from Rs 0.95 trillion as of December 2018 to Rs 1.54 trillion as of December 2022, shows Business Standard analysis of data from the industry body Association of Mutual Funds in India (Amfi). Their share in overall mutual fund assets has fallen from 4.2 per cent to 3.9 per cent during the same period.
Envisaging a wider role for professionals, Company Secretaries have asked the government to make mandatory issuance of a service tax compliance certificate by companies.
Equity inflows worth $3.7 billion came from the sunny Caribbean jurisdiction in 2019-20, a 267 per cent increase from the $1 billion registered in 2018-19 making it India's 10th largest source of FDI.
Foreign companies that do not have a permanent establishment in India will be exempt from paying minimum alternate tax.
Such schemes try to exploit an anomaly in taxation, but aren't in violation of laws, experts say.
Chidambaram said that of the total 17 lakh (1.7 million) registered service tax payers, only seven lakh of them were paying the levy.
Ahead of the Budget, Finance Minister Arun Jaitley on Tuesday underlined the need for tax reforms and quick decision making to ensure stability in policy regime.
The suggestion is made by BSE in a letter to the Finance Minister.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
